Woodside Drills Duster in Beagle Sub-basin

Woodside Petroleum Ltd. reports that the Whitetail-1 exploration well located in the offshore Beagle Sub-basin was plugged and abandoned and the rig released on January 13, 2003. The well was drilled by Atwood Oceanics' semisub, Atwood Falcon in approximately 3,100 feet of water.

Woodside's interest in WA-296-P is 14.33%. Other participants are BHP Billiton (North West Shelf) Pty. Ltd. (16.67%), BP Exploration (Alpha) Limited (19.00%), ChevronTexaco Australia Pty. Ltd. (16.67%), Japan Australia LNG (MIMI) Pty. Ltd. (16.67%) and Shell Development (Australia) Proprietary Limited (16.67%).